Auris Medical to Redomicile Holding Company from Switzerland to Bermuda
Auris Medical Holding AG (EARS)
Last auris medical holding ag earnings: 8/10 06:31 am
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US:NASDAQ Investor Relations:
ir.aurismedical.com
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Source: GlobeNewswire
Move to Bermuda will enhance corporate flexibility, reduce costs and provide better alignment with U.S. corporate law Subject to approval by extraordinary general meeting of shareholders Zug, Switzerland, January 29, 2019 - Auris Medical Holding AG (NASDAQ: EARS), a clinical-stage company dedicated to developing therapeutics that address important unmet medical needs in neurotology and central nervous system disorders, today announced its intention to relocate the Company's domicile from Zug, Switzerland to Hamilton, Bermuda. With the redomiciliation, the Company expects to gain more corporate flexibility, achieve cost savings and operate under a jurisdiction that is more familiar to U.S. investors. The move and related decisions will be subject to shareholder approval. "We strongly believe the proposed move to Bermuda is in the best interest of our shareholders," commented Thomas Meyer, Auris Medical's founder, Chairman and CEO. "On various occasions we have found Swi
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